Pangolin Diamonds Corp. (TSXV:PAN) announced an oversubscribed non-brokered private placement of 24,000,000 units at CAD 0.025 per unit for a gross proceed of CAD 600,000 on June 2, 2020. Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will be exercisable for one common share at a price of CAD 0.05 for a period of 60 months from the date of closing. The securities issued are subject to a hold period of four months and one day from the date of closing. The transaction is subject to approval of the TSX Venture Exchange.